AGP Executive Report
Last update: 3 hours agoMarkets: Australian shares held near flat on Tuesday as bank gains offset weakness in miners and tech, but futures pointed to a 0.5% decline at the next open. CBA was among the stronger stocks. Rates & Mortgages: RBA minutes showed inflation risks remain tilted higher after September’s rate rise to 4.6%, with another hike possible in November. Mortgage stress is mounting: a new estimate puts 450,539 households in major postcodes in negative monthly cash flow, up 21% in a year. Banking: CBA shareholders meet Wednesday amid concern over housing exposure; mortgage applications were down 15% in recent months compared with 2025. Bank of Queensland reports full-year results Thursday. Investment & Regulation: ASIC is moving to bring crypto-settled contracts for difference under retail trading protections. Nvidia-backed data-centre firm Firmus, meanwhile, has abandoned its planned multibillion-dollar ASX float after investor demand fell short, spotlighting the market’s growing caution on AI valuations.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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